The Top 0.1% Has More Than Doubled Its Wealth Since 2019
Summary
The Top 0.1% Has More Than Doubled Its Wealth Since 2019 America’s wealth divide is increasingly becoming a story not just of the rich versus everyone else, but of the ultra rich separating from even other wealthy Americans, according to the Wall Street Journal . Federal Reserve data show that the wealth of the top 0.1% has more than doubled since the end of 2019, with the divergence accelerating around the pandemic. Much of that increase has come from soaring financial markets. WSJ writes that the roughly 137,000 households in the top 0.1% now control about $28 trillion, or roughly 15% of…
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The Top 0.1% Has More Than Doubled Its Wealth Since 2019
The Top 0.1% Has More Than Doubled Its Wealth Since 2019 America’s wealth divide is increasingly becoming a story not just of the rich versus everyone else, but of the ultra rich separating from even other wealthy Americans, according to the Wall Street Journal . Federal...
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